Thursday, August 18, 2011

MCX Commodity Market Bullions, Metals, Crude Report & Tips

Gold futures rose to a record settlement price for the second straight day. Gold prices today surged further by Rs 430 to touch an all-time high of Rs 26,680 per 10 grams here. Silver futures may remain range bound. Silver futures for December delivery rose 53 cents, or 1.3%, to USD 40.378 an ounce in New York. The price has climbed 31% this year. Base metals may hold gains tracking higher opening in international markets. Crude oil futures may remain sideways trade with a positive bias. Crude Oil rose on Wednesday on better-than-expected demand for gasoline in the United States.

MCX Gold October contract is currently trading at Rs. 26570, it is up by Rs. 179 for the day. Silver spot market is currently trading at $40.28. MCX Silver Sep contract is trading at Rs. 60745, it is up by Rs. 290 for the day. All Base Metals in MCX are trading mildly positive for the day. Crude for Sep delivery lost 34 cents in today's session and is currently trading at $87.20 a barrel on the NYMEX.  MCX Crude Oil Aug is trading at Rs. 3971 for the day.

Precious metals are trading marginally higher on International bourses today.
Base metals are trading lower on International bourses today.
Crude oil is trading marginally higher on NYMEX today.

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